Can someone explain to me how the preferred deal does not screw up their NOLs? Base don what I have read it violates the 50% ownership change within a three year period and severely limits NOL usage and value. HC2 did a smaller preferred but it still triggered the ownership change and thus lost most of their NOLs.

I am intrigued with this investment. Because last year was supposedly the year WMIH was going to acquire a company. With the market correction. I think leads to a better deal. I am hoping this will be the year. Can't believe it has been 3 years since they emerged from bankruptcy and haven't found a deal.